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Mohamed A. El-Erian, Chief Economic Adviser at Allianz, the corporate parent of PIMCO where he served as CEO and co-Chief Investment Officer, was Chairman of US President Barack Obama’s Global Development Council. He previously served as CEO of the Harvard Management Company and Deputy Director at the International Monetary Fund. He was named one of Foreign Policy’s Top 100 Global Thinkers in 2009, 2010, 2011, and 2012. He is the author, most recently, of The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse.

I am calling BS, Mohamed. It sounds like this was a guided tour by the ANC. The whites including the business owners came to the party of diversity in this country. The new black government had a short honeymoon period under Mandela and then promptly started doing two unacceptable things. Firstly, installing a culture of corruption that has squandered financial resources. Secondly, they resorted to race based politics. The current president sings a song which translated means "Fetch me my machine gun (to kills the white oppressor). To contradict your view here of blaming business Ian Bremmer also toured the country and laid the blame squarely at the feet of the ANC. From an author who generally produces such high quality content here you really should have done some fact finding before you started handing out opinions.